SADC: Lactose Market 2024

Lactose Market Size in SADC

The SADC lactose market rose notably to $X in 2022, picking up by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Lactose Production in SADC

In value terms, lactose production stood at $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Lactose Exports

Exports in SADC

In 2022, lactose exports in SADC skyrocketed to X tons, growing by X% on the previous year. Over the period under review, exports, however, showed a abrupt decline. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lactose exports surged to $X in 2022. Overall, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Swaziland (X tons), mixing up a X% share of total exports.

South Africa was also the fastest-growing in terms of the lactose and lactose syrup exports, with a CAGR of X% from 2012 to 2022. Swaziland (X%) illustrated a downward trend over the same period. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Swaziland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest lactose supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%).

Lactose Imports

Imports in SADC

In 2022, the amount of lactose and lactose syrup imported in SADC soared to X tons, growing by X% compared with the year before. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, lactose imports skyrocketed to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Lesotho (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lactose imports into South Africa stood at X%. At the same time, Lesotho (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lactose and lactose syrup in SADC, comprising X% of total imports. The second position in the ranking was held by Lesotho ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Lesotho totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform

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